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Business – Page 11
The latest Business news, analysed daily by the i10X newsroom.
FilterCompanies & models
Funding tracker
Rounds, valuations, acquisitions and partnerships · who with whom · latest 8 below, 16 in the table
Acquisition
OpenAI acquires Orchestra Bio
openai.com (source, opens in a new tab)Funding
Arena Intelligence raises $200M Series B at $3.1B valuation
arena.ai (source, opens in a new tab)Partnership
Accenture partnership on independent frontier-AI evaluation (≥$1B each over five years)
anthropic.com (source, opens in a new tab)Funding
Mistral raises €3B Series D at ~€21B valuation
reuters.com (source, opens in a new tab)Acquisition
NVIDIA to acquire Hugging Face for ~$12.9B
Agreement to acquire Hugging Face for about $12.9B (incl. up to $1B retention equity); expected to close in H1 2027 subject to approvals.
blogs.nvidia.com (source, opens in a new tab)Partnership
NVIDIA guarantees up to $105B for OpenAI’s Ohio data-center campus
Residual-value guarantee for OpenAI's 20-year lease of SB Energy's PORTS-Pike campus in Pike County, Ohio: 4.25 GW initially plus a 3.75 GW option, online from 2028. NVIDIA pays only on default; OpenAI must reimburse.
investor.nvidia.com (source, opens in a new tab)Funding
Moonshot AI raises $3.5B at $35B valuation*
Reported $3.5B at about $35B, led by China's state-backed National AI Industry Investment Fund (Bloomberg). Straits Times reported a higher ~$45B valuation; not confirmed by Moonshot.
bloomberg.com (source, opens in a new tab)Partnership
Microsoft commits multiple billions to Mistral’s European GPU capacity
reuters.com (source, opens in a new tab)
Latest 16 rounds & deals as a table
| Date | Event | Type | Counterparty / round | Amount | Valuation | Source |
|---|---|---|---|---|---|---|
| Oct 20, 2026 | OpenAI acquires Orchestra Bio Life-sciences acquisition announced on OpenAI's blog; terms not disclosed. | Acquisition | acquires Orchestra Bio | — | — | openai.com |
| Oct 8, 2026 | Arena Intelligence raises $200M Series B at $3.1B valuation Arena (formerly LMArena) raises a $200M Series B at a $3.1B valuation, co-led by Lightspeed and Khosla; company says it has passed $100M annualised revenue and launches an Alignment Index. | Funding | Series B | $200M | $3.1B | arena.ai |
| Sep 18, 2026 | Accenture partnership on independent frontier-AI evaluation (≥$1B each over five years) Accenture embeds evaluators at Anthropic; both companies expect to invest at least $1B in evaluation capacity over five years. | Partnership · research | with Accenture | — | — | anthropic.com |
| Sep 8, 2026 | Mistral raises €3B Series D at ~€21B valuation Valuation ~€21B (≈$24.4B). Confirmed by Reuters and TechCrunch. | Funding | Series D | €3B | $24.4B | reuters.com |
| Sep 3, 2026 | NVIDIA to acquire Hugging Face for ~$12.9B Agreement to acquire Hugging Face for about $12.9B (incl. up to $1B retention equity); expected to close in H1 2027 subject to approvals. | Acquisition | to acquire Hugging Face | $12.9B | — | blogs.nvidia.com |
| Aug 17, 2026 | NVIDIA guarantees up to $105B for OpenAI’s Ohio data-center campus Residual-value guarantee for OpenAI's 20-year lease of SB Energy's PORTS-Pike campus in Pike County, Ohio: 4.25 GW initially plus a 3.75 GW option, online from 2028. NVIDIA pays only on default; OpenAI must reimburse. | Partnership · compute | with SB Energy, OpenAI | $105B | — | investor.nvidia.com |
| Jul 29, 2026 | Moonshot AI raises $3.5B at $35B valuation* Reported $3.5B at about $35B, led by China's state-backed National AI Industry Investment Fund (Bloomberg). Straits Times reported a higher ~$45B valuation; not confirmed by Moonshot. | Funding | Round led by National AI Industry Investment Fund | $3.5B | $35B | bloomberg.com |
| Jul 21, 2026 | Microsoft commits multiple billions to Mistral’s European GPU capacity Microsoft will use Mistral Compute capacity in Europe and add Mistral models to Azure, Foundry and Copilot Studio; not a new equity investment (Reuters). | Partnership · compute | with Microsoft | — | — | reuters.com |
| Jun 22, 2026 | Reflection AI signs ~$6.3B Colossus 2 compute deal with SpaceX Reflection gets NVIDIA GB300 capacity at Colossus 2 and pays $150M per month from July 1, 2026 through 2029 (~$6.3B if run to term); terminable with 90 days' notice after three months (CNBC, Reuters, WSJ). | Partnership · compute | with Reflection AI | $6.3B | — | cnbc.com |
| Jun 16, 2026 | SpaceX to acquire Cursor maker Anysphere in $60B all-stock deal All-stock merger announced June 16, 2026 and closed August 14, 2026 per SpaceX SEC filings; Anysphere shareholders received about 389.3M SpaceX Class A shares. Cursor joins SpaceXAI's coding push. | Acquisition | acquires Anysphere (Cursor) | $60B | — | reuters.com |
| Jun 16, 2026 | DeepSeek closes first external round of over $7B Per The Information via Reuters: >¥50B (~$7.4B) at a post-money valuation above $50B, with an unusual deal structure. | Funding | First external round | ¥50B+ | $50B | reuters.com |
| Jun 11, 2026 | OpenAI to acquire Ona for secure cloud execution of Codex agents Ona's customer-controlled cloud environments let long-running Codex agents run inside an organisation's own cloud. Subject to regulatory approval. | Acquisition | to acquire Ona | — | — | openai.com |
| Jun 5, 2026 | Google to pay SpaceX $920M a month for Colossus compute (~$30B through 2029) Per SpaceX's SEC filing: about 110,000 NVIDIA GPUs from October 2026 to June 2029, ramping through September at a reduced fee; either side may terminate after Dec 31, 2026 with 90 days' notice (CNBC, Bloomberg). | Partnership · compute | with Google | $30B | — | cnbc.com |
| May 28, 2026 | Anthropic raises $65B Series H at $965B valuation Led by Altimeter, Dragoneer, Greenoaks and Sequoia; co-led by Capital Group, Coatue, D1, GIC, ICONIQ and XN. Includes $15B of previously committed hyperscaler investment, $5B of it from Amazon. Run-rate revenue had crossed $47B. | Funding | Series H | $65B | $965B | reuters.com |
| May 7, 2026 | Moonshot AI raises $2B at $20B valuation in Meituan-led round About $2B at a $20B valuation in a round led by Meituan's Long-Z Investments, with Tsinghua Capital, China Mobile and CPE Yuanfeng (Bloomberg, TechCrunch, SCMP). | Funding | Round led by Meituan (Long-Z) | $2B | $20B | bloomberg.com |
| May 6, 2026 | xAI to provide Anthropic with Colossus 1 compute SpaceXAI (xAI) agrees to provide Anthropic with access to its Colossus 1 cluster. | Partnership · compute | with SpaceXAI | — | — | x.ai |
Sources: company announcements & release notes, press reports. * not independently verified.
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